Is Buying a Condo a Good Move For a First Time Homebuyer?

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Is buying a condo a path toward building wealth? Especially if you are a first-time home buyer.

Owning a home is one of the easiest ways to grow wealth and security for your family. In Seattle, purchasing a condo is one of the most common paths to home ownership. I just listed a condo in the Vertigo building in Seattle’s Capitol Hill neighborhood, and it’s a great example of a starter home that can help you build wealth.

What do I mean when I say “building wealth”? To build wealth is to create a stable way to make money for yourself and future generations of your family. Buying real estate can empower you to build wealth through appreciation. You can also benefit from tax deductions, and have possible rental income in the future, for example.

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Details of the Home Listed in the Video
MLS: 2286286
Address: 705 East Republican St, Unit 204, Seattle, WA
Neighborhood: Capitol Hill
Price: $549,000
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✨ Team Diva is Seattle’s favorite real estate team of licensed brokers at Coldwell Banker Bain

**CHAPTERS**
00:00 - INTRO - Buying a Condo as Your First Home
00:23 - Top Five Things YOu Need to Know about Buying a Condo in Seattle!
00:53 - Not All Condo Buildings Are The Same
01:23 - Location Is Everything When Buying a Condo
01:52 - Buy and Hold a Condo As An Investment
02:17 - Rental Cap In A Condo
02:43 - Buy In A Pet Friendly Building
03:04 - Which Condo Buildings Make A Great Investment In Seattle?
04:25 - OUTRO - Seattle Homes Expert Kim V. Colaprete

Who is Team Diva Seattle's Favorite Real Estate Team?
Welcome to Team Diva, your ultimate urban real estate squad tailored for smart, savvy, and urban buyers in Seattle!

We're not your average real estate crew. Here at Team Diva, we've crafted a space where your needs, as a modern urbanite and tech enthusiast, take center stage. Our elite team of top producers is not just highly trained but also deeply plugged into the pulse of Seattle's dynamic real estate scene.